India Ratings Places Andhra Cements Bank Loan Facilities on Rating Watch
India Ratings and Research (Ind-Ra) has placed the bank loan facilities of Andhra Cements Limited (ACL) on Rating Watch with Developing Implications. The rating assigned is IND BBB/Rating Watch with Developing Implications/IND A3+/Rating Watch with Developing Implications for the Loans and Working Capital Limits availed by the Company.The rating action pertains to an instrument with an issue size of INR9,869.70 million, and the rating is associated with an outlook/watch status of IND BBB/Rating Watch with Developing Implications/IND A3+/Rating Watch with Developing Implications.Analysis Highlights
Ind-Ra utilized a top-down approach under its Parent Subsidiary...